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Sep 7, 2012
09/12
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we have a fiscal and monetary problem here in the united states. what will solve the problem right now? so far the fed doesn't seem to be able to create so many jobs right now. >> what bernanke said last week and i agree with him and the evidence points in this direction is the main reason we have an 9.1% unemployment is because of weak demand. if you're thinking about monetary or fiscal policy, on the fiscal side, it comes from tax cutting, spending increases, or both, and we have to worry about that. on the monetary side, what monetary authorities can do is reduce interest rates and try to reduce rates across a broad set of assets through qe policies. the fiscal and monetary side are trying to stimulate demand, and demand is missing to great stronger momentum. >> they're pushing on a string, rant they? >> the fed has the capability to act right now, and i think always, you know, again chairman ber knack key admitted that this policy tool is not a particularly strong tool. >> ben bernanke said that he creating two million jobs. they did analysis a
we have a fiscal and monetary problem here in the united states. what will solve the problem right now? so far the fed doesn't seem to be able to create so many jobs right now. >> what bernanke said last week and i agree with him and the evidence points in this direction is the main reason we have an 9.1% unemployment is because of weak demand. if you're thinking about monetary or fiscal policy, on the fiscal side, it comes from tax cutting, spending increases, or both, and we have to...
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Sep 5, 2012
09/12
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natural gas in the united states is cheaper than foreign locales. we have that as a cost advantage. we have cheaper electricity and better equipment on the ground. i would see u.s. exports of refined petroleum products continuing to grow, help the manufacturing centers, helping our business. >> say i'm a businessman with a lot of money. i listen to you. i want to open a refinery right next to you. is it tougher to site a refinery than we think? >> incredibly tough. >> we buihaven't built a lot. >> we modernized the plants we have. a year, two years in permitting, three or four in execution. building refineries in the country, very tough to do. the most lukely place it will happen is in the backyard of the existing plants. that's what we are doing for example in woods cross near salt lake city, utah. expanding from 30,000 to 44,000 barrels a day. >> one last question. i'm thinking why don't you own a thousand gas stations? you have the low cost refined product. you sell it to people. the other guys i follow have stations do they have the wrong model? >> we have high returns to capita
natural gas in the united states is cheaper than foreign locales. we have that as a cost advantage. we have cheaper electricity and better equipment on the ground. i would see u.s. exports of refined petroleum products continuing to grow, help the manufacturing centers, helping our business. >> say i'm a businessman with a lot of money. i listen to you. i want to open a refinery right next to you. is it tougher to site a refinery than we think? >> incredibly tough. >> we...
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Sep 21, 2012
09/12
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number two, increased production from the united states, canada and the north sea, specifically norway. and number three, iraq. iraq has continued to increase their production. you know, they have as much reserves as iran, so they are the third or second -- tied for second in the world of reserves, and iraq has put in these offshore terminals, and they have been able to ramp up the exports. that is likely to put some downward pressure if there's no geopolitical blow up, maria. >> i was just going to see, weigh the geopolitical risk versus the spr noise and tell me where oil goes between now and the end of the year. >> well, we have 117 for the end of the year on brefnlt now our view is that the geopolitical noise is not likely to seriously dissipate, because there's no sign of progress in the iranian nuclear negotiations. there's no sign that the standoff will be eased any time soon, and without any easy off ramp, we don't see how this situation is resolved, so we think potentially 2013 you're really looking at a question of does iran get nuclear weapons capability, or do you take mili
number two, increased production from the united states, canada and the north sea, specifically norway. and number three, iraq. iraq has continued to increase their production. you know, they have as much reserves as iran, so they are the third or second -- tied for second in the world of reserves, and iraq has put in these offshore terminals, and they have been able to ramp up the exports. that is likely to put some downward pressure if there's no geopolitical blow up, maria. >> i was...
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Sep 14, 2012
09/12
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we need that here in the united states, too. we have to get our mojo back. >> we have to leave it there. congratulations. we wish you lots of luck. >> watch the space, entrepreneurs in greece. >> well. joe. >>> coming up, bart chilton has september a letter to ben bernanke, and we'll see the note even before he does. >>> best and worst cities for travel taxes revealed. here's today's road warrior report. business travelers visiting the windy city will be hit by a storm of taxes. that's according to a brand new study released by the global business travel association. they claim chicago hits u.s. travelers the hardest when you combine sales and travel taxes to the tune of more than $40 per day. on average that's 81% higher than ft. lauderdale, florida, has has the lowest tax burden of just over $22 per day. the chicago convention and tourism bureau didn't respond to our request for comment. see the full list of the best and worst cities for travel taxes at road warrior.cnbc.com up. a short word that's a tall order. up your game.
we need that here in the united states, too. we have to get our mojo back. >> we have to leave it there. congratulations. we wish you lots of luck. >> watch the space, entrepreneurs in greece. >> well. joe. >>> coming up, bart chilton has september a letter to ben bernanke, and we'll see the note even before he does. >>> best and worst cities for travel taxes revealed. here's today's road warrior report. business travelers visiting the windy city will be hit...
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Sep 10, 2012
09/12
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. >>> the drenching that parts of the united states got last week, including tornadoes out in queens, not really helping parched farmland. there are no farms in queens, are there? this afternoon we're going to get exclusive details on the economic impact from our senior economics reporter steve leisman. he's here live. >> in about three minutes we're going to get an e-mail from the guy that runs the farm in queens. it is a big impact from what's a small sector of the economy and it could even have an impact on the presidential election. in a detailed study of the summer's drought which scored soybeans, corn and other crops across the nation, macro economic advisors out of st. louis estimate it could shave as much as a half point off gross domestic product this year. that's a big hit to a $13 trillion economy from a total farm sector that accounts for just -- wait for it now -- 1% of the nation's output. ben herzon is the economist who did the study. pe explai he explains the drought's outside impact. >> even though it only accounts for 1% of the economy, big changes in farm output can
. >>> the drenching that parts of the united states got last week, including tornadoes out in queens, not really helping parched farmland. there are no farms in queens, are there? this afternoon we're going to get exclusive details on the economic impact from our senior economics reporter steve leisman. he's here live. >> in about three minutes we're going to get an e-mail from the guy that runs the farm in queens. it is a big impact from what's a small sector of the economy and...
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Sep 18, 2012
09/12
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to the extent europe is not being helped is not helping the united states. folks if you're thoroughly confused it means you're paying attention. >> no european official has talked about wanting a stronger euro for years. they all want the weaker euro. >> why they keep talking about lower rates, you keep holding steady with rates. >> becky you are as usual a genius in that regard. the thinking that i've heard is that ultimately the ecb goes to parity with the fed at zero or zero to a quart per. >> what are they waiting for? >> that's a good question. what are they waiting for? the idea being if you have a single mandate you are less free to move your currency when you're doing that. the latest number was 2.6% inflation in the eurozone, so given that mandate constraint, they can't do it. the fed can look at 8%, 9%, 10% unemployment and say with a forecast of lower inflation down the road, i can move now to zero. >> it seems to me central banks make uhm the rules as they go aening lo, when they'll do all of the extraordinary things to say yes this is in our man
to the extent europe is not being helped is not helping the united states. folks if you're thoroughly confused it means you're paying attention. >> no european official has talked about wanting a stronger euro for years. they all want the weaker euro. >> why they keep talking about lower rates, you keep holding steady with rates. >> becky you are as usual a genius in that regard. the thinking that i've heard is that ultimately the ecb goes to parity with the fed at zero or...
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Sep 11, 2012
09/12
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to the united states but truly extraordinary considering where we are today after taking that kind of hit. america the great, america the resilient. >>> breaking news. facebook ceo mark zuckerberg set to deliver his first public comments since the ipo. we will bring you those comments as soon as they begin. you see the stage there awaiting for participants to walk out. let's turn to our traders here. what does zuckerberg need to say tonight to restore confidence in a stock that is down 15%. >> we can monetize mobile. i don't know that is what he will say. i don't expect that at all. i think he shouldn't focus on the stock price. that is beyond his control. he shouldn't have investors focus on it much the same way that he doesn't focus on his stock price. >> the problem is it looks like he is not delivering on fundamentals either. you are the only one here on the desk who can make a case for owning facebook. >> i do own it through the weekly calls. i think what he needs to do is go back to where this company was six months ago. i don't know if that's possible. if he can i think the sto
to the united states but truly extraordinary considering where we are today after taking that kind of hit. america the great, america the resilient. >>> breaking news. facebook ceo mark zuckerberg set to deliver his first public comments since the ipo. we will bring you those comments as soon as they begin. you see the stage there awaiting for participants to walk out. let's turn to our traders here. what does zuckerberg need to say tonight to restore confidence in a stock that is down...
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Sep 30, 2012
09/12
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i think it's a bigger story for europe than it is for the united states. >> in the united states we have a different set of worries. warnings from big american companies about their future earnings. we ended the third quarter and already heard from fedex, we heard from caterpillar, big global companies that are citing europe. caterpillar is citing china as well. what are you expecting out of the earnings period that we will begin to see in the next couple weeks? >> there is a slowdown going on in the global economy because you have this recession in europe then you have a slowdown in china, which is more significant than i think the chinese gdp numbers suggest. and that's rippling through to countries like korea and taiwan and japan. a so big global companies are being hurt by that but more domestically-focused companies in the united states ought to do better. >> want that fiscal cliff, david? it doesn't look like anything is going to happen until after the election. the tax cuts expiring, the spending programs expiring. a lot of people think this is going to lead to a recession in 20 1
i think it's a bigger story for europe than it is for the united states. >> in the united states we have a different set of worries. warnings from big american companies about their future earnings. we ended the third quarter and already heard from fedex, we heard from caterpillar, big global companies that are citing europe. caterpillar is citing china as well. what are you expecting out of the earnings period that we will begin to see in the next couple weeks? >> there is a...
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Sep 26, 2012
09/12
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there are 30 states in the united states now that produce energy. when i went in the energy business a long, long time ago, there was only nine states. there are 30 states now. so millions of jobs are created by the oil and gas industry in the united states. >> right, right. let me get your take on natural gas. i'd love to know where you're seeing opportunity, how you're invested in the energy space. you've been a backer of natural gas. honda has the civic natural gas car. can the industry really transform to natural gas powered vehicles? >> well, there's no question the technology is well known. there are 13 million vehicles in the world today on natural gas. only 130,000 of them in the united states. we have more natural gas than any other country in the world. how could that be? it's because the leadership in washington has not, one, understood the resources available to us in america, but, two, they've shown no leadership to get on our own resources. use our fuel here. quit importing oil from opec. >> yep. well, we'll leave it there. boone, alwa
there are 30 states in the united states now that produce energy. when i went in the energy business a long, long time ago, there was only nine states. there are 30 states now. so millions of jobs are created by the oil and gas industry in the united states. >> right, right. let me get your take on natural gas. i'd love to know where you're seeing opportunity, how you're invested in the energy space. you've been a backer of natural gas. honda has the civic natural gas car. can the...
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Sep 7, 2012
09/12
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unlike europe and the united states, they can do stimulus on the fiscal side and the monetary side. that means they could miss out on the inflationary move. all year it's been about the u.s. you might see money coming out into other riskier areas of the globe. >> do we have to look at china or talking about the fed and ecb next week. >> absolutely we have to keep looking at china, i think a lot of their most as ifty issues, one of these days the lights will go on. i don't think it will be a good thing. i'm looking at three things. i think the conservative newspapers are going bonkers today, i urge everybody to go online and read it. secondly i think when it comes to labor force participation rate @ will push it down for all of the wrong republicans. i think we're going to potentially test 2000 in gold. >> all right, very good, thank you all. >> a lot of people talking about that 23 2,000 level for a long time. what about stocks. will they make any big moves, what do you think, bob? >> today's response was not very encouraging. we had a move today related to china. that was a surpris
unlike europe and the united states, they can do stimulus on the fiscal side and the monetary side. that means they could miss out on the inflationary move. all year it's been about the u.s. you might see money coming out into other riskier areas of the globe. >> do we have to look at china or talking about the fed and ecb next week. >> absolutely we have to keep looking at china, i think a lot of their most as ifty issues, one of these days the lights will go on. i don't think it...
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Sep 9, 2012
09/12
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the clock is ticking in the united states, however, on the fiscal cliff, which you are very concerned about. the xpiration of the bush tax cuts and automatic spending cuts that come if there's no budget agreement. how do you view this playing out? what are the implications for the market? >> i think this is very important. last week maybe the point when investor sentence focuses on this instead of europe. first of all, the size of the fiscal cliff at about 650 billion, 4% of gdp. it would be hitting at a time when the economy is weak and particularly the consumer is weak. i do think this represents a big danger to the economy. the challenge is it's not discounted into the price. we're all talking about it, i've met very few investors who believe it will happen. if we do start to move to an environment where it becomes more likely, it will create volatility and also hit equity prices as well towards the end of the year. >> how do you invest against that kind of back drop? where would you put money to work right now? >> i think there are a couple of things investors can do. one thought
the clock is ticking in the united states, however, on the fiscal cliff, which you are very concerned about. the xpiration of the bush tax cuts and automatic spending cuts that come if there's no budget agreement. how do you view this playing out? what are the implications for the market? >> i think this is very important. last week maybe the point when investor sentence focuses on this instead of europe. first of all, the size of the fiscal cliff at about 650 billion, 4% of gdp. it would...
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Sep 13, 2012
09/12
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what bothers me is see a public argument between israel and the united states. you never want to see that and put it in private and have a united front in public. i would hope israelis would trust the united states we will block iran and deal with the iran question on our terms and a time of our koosing. i don't think it's smart with the israelis or prime minister to think he should attack soon. i do think there's an increasing realization within israel they're better off working with the united states on this question and not going it alone. >> thank you. thank you very much. >>> former undersecretary of state nick burns and former secretary of state paul wolfowitz and abc broadcaster, john bachelor, thanks to all of you. >>> coming up, new fed firepower sends stocks soaring, the biggest finish since 2007. >>> and is the fed carrying obama's water? has it gone rogue? is it election year manipulation and just plain old election politi politics? free market capitalism the best path to prosperity. i wish we had a whole lot more on the middle east but not much at t
what bothers me is see a public argument between israel and the united states. you never want to see that and put it in private and have a united front in public. i would hope israelis would trust the united states we will block iran and deal with the iran question on our terms and a time of our koosing. i don't think it's smart with the israelis or prime minister to think he should attack soon. i do think there's an increasing realization within israel they're better off working with the...
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Sep 6, 2012
09/12
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it did an initial public offering in the united states. i have to give the deal a red card. i wish i could come out and tell you manchester united is a buy. that would make me feel terrific. we don't go for soccer in america. i coached for years and was team captain. this can get people upset about stocks. the gold medalist of the women's soccer team said i want to own stocks in it. manchester united is to soccer in england to what the yankees are to baseball here in america. this is the team that made david beckham famous. it is a powerful global brand. 659 million people around the world. almost as many on facebook though very few are in this country and the bulls say it is not a soccer team. it's a mini media empire making money from tickets and broadcasting. you know the games can't be recorded. people want to watch them live for merchandising and sponsorship deals. sounds compelling. man u. seems like a real cool stock which is all the more reason to put manchester united in the -- [ sell, sell, sell ] -- sell block. uh can't awe allo
it did an initial public offering in the united states. i have to give the deal a red card. i wish i could come out and tell you manchester united is a buy. that would make me feel terrific. we don't go for soccer in america. i coached for years and was team captain. this can get people upset about stocks. the gold medalist of the women's soccer team said i want to own stocks in it. manchester united is to soccer in england to what the yankees are to baseball here in america. this is the team...
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Sep 5, 2012
09/12
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>> i think that's true, always i think the structural deficits of the united states, as my good friend bowles and simpson talk about are difficult to deal with. it could cause a hiccup at any type. hopefully the next administration will deal with that. >> which is why romney and ryan put that issue front and center and that is tart of the conversation right now where as we were not talking about these issues before that. low do you think they will play out. a lot of euphoria around it. >> ity tt tt tty -- i think itt important lex of my lifetime. they are picking between a economic systemen gauged by the government, and more involved with the government, verses the republican side which is going to be less government and more free market. so, it's a choice. i think the candidate that can make the best argument as to why they're model or approach is going to create better economic growth will win the election, and we'll see. i think it will be very close. >> it has been very close in the polls, and it's not just about growth, but also about jobs. we have a jobs report coming out on frid
>> i think that's true, always i think the structural deficits of the united states, as my good friend bowles and simpson talk about are difficult to deal with. it could cause a hiccup at any type. hopefully the next administration will deal with that. >> which is why romney and ryan put that issue front and center and that is tart of the conversation right now where as we were not talking about these issues before that. low do you think they will play out. a lot of euphoria around...
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i think we are all agreed that job creation is at the center of economic growth in the united states, so don, ed, martin, stick around. we're going to continue this conversation after the break. you all know now the unemployment rate in america fell last month but before anyone celebrates, realize this is because many job seekers appear to have left the workforce. i'll show you the hard numbers on whether president obama is a job creation failure or success, after the break. ♪ ♪ [ male announcer ] its lightweight construction makes it nimble... ♪ its road gripping performance makes it a cadillac. introducing the all-new cadillac xts. available with advanced haldex all-wheel drive. [ engine revving ] it's bringing the future forward. makes my taste buds do a happy dance." ha, ok! get ready for more happy dancing 'cause now all our light flavors are 90 calories each. yoplait. it is so good. ♪ yoplait. it is so good. how did the nba become the hottest league on the planet? by building on the cisco intelligent network they're able to serve up live video, and instant replays, creat
i think we are all agreed that job creation is at the center of economic growth in the united states, so don, ed, martin, stick around. we're going to continue this conversation after the break. you all know now the unemployment rate in america fell last month but before anyone celebrates, realize this is because many job seekers appear to have left the workforce. i'll show you the hard numbers on whether president obama is a job creation failure or success, after the break. ♪ ♪ [ male...
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Sep 4, 2012
09/12
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china, europe, and the united states. look, we know that china used to be one of the world's great growth engines. it almost single handedly kept the global economy afloat during the global recession. but after playing the roe of the world's economic engine for so long, the chinese locomotive seems to be in danger of running off the rails. each piece of data is weaker than the last. so what's good about that? well, the slowdown in china seems somewhat self-inflicted. governments hit the brakes and in many ways still seems like it's happening. the hope is the chinese will start cutting rates, adding real octane to the down shift in their economy. how about europe? the european central bank meeting this week and we're expecting to hear some chatter in unison that's going to ereverse the declining economies over there and maybe unite to save the spanish banking system. you can monitor these efforts by watching the largest spanish bank which has been climbing ever since it bottomed at $4 and change. $7 stock finishing up 0.18
china, europe, and the united states. look, we know that china used to be one of the world's great growth engines. it almost single handedly kept the global economy afloat during the global recession. but after playing the roe of the world's economic engine for so long, the chinese locomotive seems to be in danger of running off the rails. each piece of data is weaker than the last. so what's good about that? well, the slowdown in china seems somewhat self-inflicted. governments hit the brakes...
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rhetoric that the united states employer will usually come out with so really look the leader of tripoli who overthrew in tripoli for nato was working with m i six and leave an islamic fighting group which i call libya was a part of everyone who was they were working with cia and the m i six so really these are not the people that are going to struggle to actually because some people could say maybe it's a good thing that the people are focusing now against the united states this is not going to do it these people have got no intention and no ability to goodnight people across libya these are the lynchers of patriots these the lynchers of black people and now the united states have tasted a little bit of the medicine that they've been meeting up to the rest of libya let's talk more about the response today the u.s. president and the secretary of state both said the instance will not affect the building of genuine friendly ties between america or north african nations reality or wishful thinking at this point it's ridiculous rhetoric really coming coming out with them listen their own pro
rhetoric that the united states employer will usually come out with so really look the leader of tripoli who overthrew in tripoli for nato was working with m i six and leave an islamic fighting group which i call libya was a part of everyone who was they were working with cia and the m i six so really these are not the people that are going to struggle to actually because some people could say maybe it's a good thing that the people are focusing now against the united states this is not going...
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Sep 21, 2012
09/12
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one of the many topics we covered was the possibility of a significant downturn in the united states economy. >> so if you have a downturn, there's a possibility that you don't have that right mix and that you could have a downturn. the odds of that are comparatively low but i worry about it because it's significant possibility. i described it as though, imagine you're on an airplane that's flying from here to los angeles, you're probably going to get there okay but if you hit an air pocket and meaning if the economy goes down, there's not an easy way to reverse it. monetary policy is less effective because when you buy a bond, when the federal reserve makes a purchase, that has the effect of giving money to somebody who won't put that money into something like that bond. and that money does not easily go to people who spend it, that's a balance between monetary and fiscal policy and i worry about the policymakers getting that balance right. that's a possibility and a scary possibility. other than that, i think the most likely situation is we will fly successfully from here to los an
one of the many topics we covered was the possibility of a significant downturn in the united states economy. >> so if you have a downturn, there's a possibility that you don't have that right mix and that you could have a downturn. the odds of that are comparatively low but i worry about it because it's significant possibility. i described it as though, imagine you're on an airplane that's flying from here to los angeles, you're probably going to get there okay but if you hit an air...
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Sep 14, 2012
09/12
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i think for the united states, while we've got room for multiple expansion in the united states where we're at today, earnings are getting kind of topee. europe makes a better bet. >> the last time you came on several months ago when you were bearish the euro, have you also changed targets to several months ago? >> actually, i haven't, mandy. the euro is going to continue to appreciate. we've obviously gotten a really nice bounce here, up to around 131. we probably have a little more upside on a technical basis. but the whole key to the european recovery is around dr. draghi continuing to print money, and printing money is going to ultimately put downward pressure on the euro, and they need that to get the economy of the periphery to expand. >> if you're buying european stocks, what are you selling? >> brian, i think you know a couple of months ago, two or three months ago, i turned very bearish on treasury. we started selling ten year notes at 1.65. we were probably too early. but i am exceptionally negative about treasury securities, and i think that's probably the best short out th
i think for the united states, while we've got room for multiple expansion in the united states where we're at today, earnings are getting kind of topee. europe makes a better bet. >> the last time you came on several months ago when you were bearish the euro, have you also changed targets to several months ago? >> actually, i haven't, mandy. the euro is going to continue to appreciate. we've obviously gotten a really nice bounce here, up to around 131. we probably have a little...
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Sep 11, 2012
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>> i support the president of the united states. whoever that may be. >> bob, good to have you on the program. obviously investors had a great day today. aig trades up, 3345 is where it closed. we'll be watching the developments. thanks for your time today. >> thank you, maria. >> always good to see you. >> happy birthday. >> thank you so much, bob. >>> gridlock on the fiscal cliff. eric cantor pointing the blame at president obama's doorstep just an hour ago. >> frankly, the president's been unwilling to meet us to sit down and try an iron out the differences. >> now we get the other side. steny hoyer is we me, the second most powerful dem in congress. he'll join me after this break. you won't want to miss it. stay with us on that. later, with facebook's stock slumping to half the original ipo price s it time for mark zuckerberg to hands over the reigns to a more seasoned executive? then we'll take you live to an event he's speaking at. you're watching "closing bell" on cnbc, first in business worldwide. oh, hey alex. just picking
>> i support the president of the united states. whoever that may be. >> bob, good to have you on the program. obviously investors had a great day today. aig trades up, 3345 is where it closed. we'll be watching the developments. thanks for your time today. >> thank you, maria. >> always good to see you. >> happy birthday. >> thank you so much, bob. >>> gridlock on the fiscal cliff. eric cantor pointing the blame at president obama's doorstep just an...
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Sep 4, 2012
09/12
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we talked about over a year, we're seeing signs as they slow, capital is coming to the united states, especially in real estate. >>> the three bear cases for stocks, the same one, europe-china slowdown, also the bear case because we don't know how the movie is going to end. if you listen to the rabinni's of the world, we're all doomed. average company growth is slowing so the market may not command as high of a multiple and yield, fiscal cliff and we will pull a thelma and louise unless congress gets their act in gear. >> you just heard from brian the bull case and the bear case. let's see what our guests think. james camp, manager and bob. thank you very much for joining us. bob, i will start with you. you have to pick one, bear or bull for september. can't be raccoon or koala or wallaby. >> you will see a market impacted because of concerns out there. i mentioned, you still have europe, you still have china, you still have the fiscal cliff, the election, which will be very contentious. you take a look at what's actually going on, you actually have plan in europe and that will materi
we talked about over a year, we're seeing signs as they slow, capital is coming to the united states, especially in real estate. >>> the three bear cases for stocks, the same one, europe-china slowdown, also the bear case because we don't know how the movie is going to end. if you listen to the rabinni's of the world, we're all doomed. average company growth is slowing so the market may not command as high of a multiple and yield, fiscal cliff and we will pull a thelma and louise...
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Sep 19, 2012
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what are the implications for the united states? let's ask ann lee and peter navarro with the university of california irvine and a cnbc contributor. thank you very much for joining us today. the u.s. has already stated it does not take a position of sovereignty with regards to the islands. nonetheless, i think there's an understanding here that if there was a military escalation it would probably side with japan. so what are the implications for us at this juncture? >> i believe that, yes, we have a treaty with japan. however, this is really not in u.s. interests, given that this whole area is a very powerful economic region. we don't want to have these two nations go to war. so the u.s. stance, i believe, will be let's try to negotiate this and keep it peaceful. >> and i guess, peter, china has an extraordinarily powerful tool if we're talking about economic retaliation here. if the u.s. tried anything, wouldn't china be able to dump our bonds? >> they would. let's look at the bigger story here. the are small islands,ut they hava
what are the implications for the united states? let's ask ann lee and peter navarro with the university of california irvine and a cnbc contributor. thank you very much for joining us today. the u.s. has already stated it does not take a position of sovereignty with regards to the islands. nonetheless, i think there's an understanding here that if there was a military escalation it would probably side with japan. so what are the implications for us at this juncture? >> i believe that,...
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Sep 20, 2012
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. >> it's fort d in the united states, and there's the ford from overseas. europe bad, latin-american, bad. bed bath and beyond, norfolk southern, two different kind of businesses. norfolk is going off the rails, bed bad, looking good. >> coming up, bargain shopping? retailers have been on the rise, but after perusing the aisles cramer has --. >>> and later, making dough, dominos has been -- find us if it can claim the upper crust of the pizza population, when the ceo breaks some news in cramer's exclusive. just ahead. >>> plus 'tis the season? millions of people around the world will get their hands on the highly anticipated crown jewel of the apple empire. iphone 5, but don't, get ready to though everything you think you know about tech out the window. cramer's looking beyond apple and what he says may surprise you. all coming up on "mad money." >>> any moment there's stocks that might rally for a week or month or a season before they only go out of style. and then there are the long-term opportunities that we search for all the time here on "mad money." w
. >> it's fort d in the united states, and there's the ford from overseas. europe bad, latin-american, bad. bed bath and beyond, norfolk southern, two different kind of businesses. norfolk is going off the rails, bed bad, looking good. >> coming up, bargain shopping? retailers have been on the rise, but after perusing the aisles cramer has --. >>> and later, making dough, dominos has been -- find us if it can claim the upper crust of the pizza population, when the ceo...
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Sep 4, 2012
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>> the united states. the united states was hemorrhaging 700,000 jobs a month or 700,000 jobs a month under george bush. right now, we're creating jobs. we've created 3 million or 4 million jobs in the worst recession with an obstructionist congress working against the president. >> so you think that unions then are better off today than they were three years ago? >> i think america is better off. >> are the unions better off? are the unions better off? >> unions and america are better off. we're not hemorrhaging jobs. we're creating jobs. we have a guy that enforces health and safety laws. he wants to reinstill the buy in america labor. he's pushing for insource, not outsourcing. we have a president right now who is saying, let's bring jobs back to america and increase manufacturing. >> it's interesting because i am hearing a lot of that and yet we're just not seeing it in the numbers. an unemployment rate at 8.3% and most economists you speak to will tell you we should be a lot farther off in this moment
>> the united states. the united states was hemorrhaging 700,000 jobs a month or 700,000 jobs a month under george bush. right now, we're creating jobs. we've created 3 million or 4 million jobs in the worst recession with an obstructionist congress working against the president. >> so you think that unions then are better off today than they were three years ago? >> i think america is better off. >> are the unions better off? are the unions better off? >> unions...
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Sep 8, 2012
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president one of the finest universities in the united states. we at the bush center -- are here with the their spouses we're fortunate to be associated with smu. our relationship with smu competed our expectations. i hope we have exceeded your expectations. we're very much involved in action oriented programs. i didn't want to be known as a think tanker. i want to be known as an a,-oriented place that can make a difference in the world. and so i want to thank you very much for having faith in us when we first convince you to support the bush center on the smu campus. we just got back from africa which is. we went over there because at the bush center, one of the major initiatives is to honor human life. we believe all life is precious. whether they live in america on the continent of africa. we are disturbed by the fact that many women who have got the hiv virus, are getting cervical cancer not much is being done with it with your help we put together a collaborative effort to save lives. part of the mission was to kick off the red ribbon in bot
president one of the finest universities in the united states. we at the bush center -- are here with the their spouses we're fortunate to be associated with smu. our relationship with smu competed our expectations. i hope we have exceeded your expectations. we're very much involved in action oriented programs. i didn't want to be known as a think tanker. i want to be known as an a,-oriented place that can make a difference in the world. and so i want to thank you very much for having faith in...
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Sep 7, 2012
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for president of the united states. democratic party. in charlotte, north carolina. can be described, perhaps, as a more subdued speech than the one that he gave at his initial convention four years ago. still touching on topics that are very popular. among his base. you had the tax issue, you had the issues of education. there were references to the automobile bailout. but still, john harwood who's with us, and larry kudlow still with us, and we have more guests coming in in a moment. there were parts that were surprising at times. opening up more land for natural gas drilling. we talk about tax reform. we talk about defense and strong on foreign policy. larry kudlow, did you feel this was a more centrist speech than you expected? >> no, not particularly. i mean, he said he was looking at the principles of bowles/simpson and simpson/bowles that those principles included pro growth tax reform across the board, getting rid of the deduction. he opposes that. he wants to raise taxes on the well to do. he demagogued on the
for president of the united states. democratic party. in charlotte, north carolina. can be described, perhaps, as a more subdued speech than the one that he gave at his initial convention four years ago. still touching on topics that are very popular. among his base. you had the tax issue, you had the issues of education. there were references to the automobile bailout. but still, john harwood who's with us, and larry kudlow still with us, and we have more guests coming in in a moment. there...
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Sep 26, 2012
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and you have the ambassador of the united nations for the united states coming on and misleading the public. basically we have sent a letter to ambassador rice to explain herself. >> you know, there's a story out today, i didn't know if you saw it, senator, but the story essentially was that the united states government within 24 hours knew it was a pre-planned terrorist attack. your thought on that. because that indicts rice and whomever else was in this cover-up even more. >> that's right. ambassador rice came on the sunday morning programs and said that, in fact, it was a spontaneous reaction of course to the video. and in no way was an expression of hostility toward america. and you have to say killing four american heroes, quite honestly, attacking our consulate, if that's not hostility toward america, i don't know what it is. so, no, i think it's pretty apparent that the administration must have known, had information, and ambassador rice was sent out on the sunday programs to mislead the american public. i find that outrageous, and i think she needs to explain herself and expl
and you have the ambassador of the united nations for the united states coming on and misleading the public. basically we have sent a letter to ambassador rice to explain herself. >> you know, there's a story out today, i didn't know if you saw it, senator, but the story essentially was that the united states government within 24 hours knew it was a pre-planned terrorist attack. your thought on that. because that indicts rice and whomever else was in this cover-up even more. >>...
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Sep 17, 2012
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i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. wouldn't it be nice if there was an easier, less-expensive option than using a traditional lawyer? well, legalzoom came up with a better way. we took the best of the old and combined it with modern technology. together you get quality services on your terms, with total customer support. legalzoom documents have been accepted in all 50 states, and they're backed by a 100% satisfaction guarantee. so go to legalzoom.com today and see for yourself. it's law that just makes sense. >>> we're keeping an eye on apple, inching closer to that $700 a share mark. here's a stat to wrap up our great american disconnect theme today.
i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. wouldn't it be nice if there was an easier, less-expensive option than using a traditional lawyer? well, legalzoom came up with a better way. we took the best of...
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Sep 6, 2012
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states on food assistants? that's staggering. we have not produced a single net new job. there is a bridge that has to be gapped, and ceos want to see what plan and the path is. >> the fiscal cliff has a lot of ceos concerned, what about you? >> i think that's the number one concern. it's a 3% hit to incomes in gdp terms, and the economy only grows 2%. if that happens, and we won't know until after the election, it will wipe out job creation until next year. we're hoping and thinking it gets fixed, but we have to see the election and get into december. >> more things to worry about and think about in the meantime. >> pretty sobers. >> 37 minutes until the closing bell. the nasdaq is higher by 61. >> that is a four.5 year high for the s&p 500, is there more room to run? should you take profits? >>> new claims, president obama and john boehner had a massive blow up over the collapse of the debt deal last year. we're talking about a tirade from the president, can they possibly work together to fix our debt situati
states on food assistants? that's staggering. we have not produced a single net new job. there is a bridge that has to be gapped, and ceos want to see what plan and the path is. >> the fiscal cliff has a lot of ceos concerned, what about you? >> i think that's the number one concern. it's a 3% hit to incomes in gdp terms, and the economy only grows 2%. if that happens, and we won't know until after the election, it will wipe out job creation until next year. we're hoping and...
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Sep 12, 2012
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i mean, it was a terrible statement typical of the president of the united states. he deflects it and he attacks romney admitting this is a botched statement, holding the egypt government responsible for something like this is absolutely something they need to do if they want to have continued cooperation from the united states. >> and i want to ask peter brooks, old friend, so hillary says today in her comment that we reject these acts, quote, unquote, we reject these actions, but the president says later we will bring to justice. how he's going do that, i don't know. we will bring them to justice, peter brooks. what the hell does that mean? would you please tell me because to me, he is more interested in promoting these muslim states running through the art than he is promoting american influence and leadership in that region. that's what's got me really bugged, peter. how is he going to bring them to justice? >> i certainly can't channel president obama. i'm not the right person to do that. what i hope he means here is that the government of libya does not bring
i mean, it was a terrible statement typical of the president of the united states. he deflects it and he attacks romney admitting this is a botched statement, holding the egypt government responsible for something like this is absolutely something they need to do if they want to have continued cooperation from the united states. >> and i want to ask peter brooks, old friend, so hillary says today in her comment that we reject these acts, quote, unquote, we reject these actions, but the...
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Sep 6, 2012
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states, germany, france, united states, china, japan, they will all kick in and do what they have to do to kick the can down the road. i think that's what's happening. we're not solving the problem. we're dealing with it and kicking it down the road. the third area i think would make a big difference and not to get involved in politics about as difficult to talk about as abortion but i think a romney victory would put the market above the range where we are at presently and i am kind of thinking if i had to handicap it if a romney victory, let me just say that the significance of an event for the market is very much a function of where the market is when the event occurs. i say from the roughly 1400 area a romney victory would add 100 points to the s&p and an obama victory would probably be maybe a 50-point decline. i think it is very important. we're at a crucial point in economic history of the country and i think what happens in november is very important. >> tom lee of j.p. morgan was on one of the earlier programs this morning talk in the same measure on what a romney victory wo
states, germany, france, united states, china, japan, they will all kick in and do what they have to do to kick the can down the road. i think that's what's happening. we're not solving the problem. we're dealing with it and kicking it down the road. the third area i think would make a big difference and not to get involved in politics about as difficult to talk about as abortion but i think a romney victory would put the market above the range where we are at presently and i am kind of...
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we do a great job of measuring the economy in the united states of the 1950s. you can get five different prices for turkey but it's a service sector economy and we don't get any real time data on that. sometimes that's what surprises the economists here. >> i'll thank steve and rick our guest host remains tom stemberg, sticking around for the rest of the party. he's a really know campaign surrogate and founder of staples and i wanted to get your thoughts on staples. i know you're not involved right now but there's been lots of talk about what's happening to that company including the possibility it may get bought again possibly even by bain. >> i don't want to talk about staples but the industry has struggled. they try to be technology player bus they don't have apple, the leading technology vendor. we got blocked inspect ftc, the if, tc was wrong and i think industry would benefit greatly from a merge are of three down to two. >> office depot. >> office depot, office max and staples, there really should be two companies and finally becky's issue about internet
we do a great job of measuring the economy in the united states of the 1950s. you can get five different prices for turkey but it's a service sector economy and we don't get any real time data on that. sometimes that's what surprises the economists here. >> i'll thank steve and rick our guest host remains tom stemberg, sticking around for the rest of the party. he's a really know campaign surrogate and founder of staples and i wanted to get your thoughts on staples. i know you're not...
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Sep 14, 2012
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in the united states it has a dual mandate. price stability and full employment. and it's done neither. and so i'm glad they're finally tying those actions together. >> marc, fair point. what would you do as a policy maker? >> well, first of all, if i were mr. bernanke, for sure i would resign after having messed up the u.s. as badly as mr. greenspan and mr. bernanke have done over the last 15 years. and mr. bernanke before he was fed chairman, he was one of the principal architects of ultra expansionary monetary policies, never paying any attention to credit growths that led to the housing bubble. and if i had messed up this badly, i would for sure resign. but secondly, if you you really want to have an expansionary mop taker po monetary policy that helps the man on the street, should you do what sheila bair proposed, namely send each household a check for $5 million interest rate free. i would go as far as to say send them each $10 million free as a gift and put it on the balance sheet of the treasury and the fed and that would boost consumption temporary. don't
in the united states it has a dual mandate. price stability and full employment. and it's done neither. and so i'm glad they're finally tying those actions together. >> marc, fair point. what would you do as a policy maker? >> well, first of all, if i were mr. bernanke, for sure i would resign after having messed up the u.s. as badly as mr. greenspan and mr. bernanke have done over the last 15 years. and mr. bernanke before he was fed chairman, he was one of the principal architects...
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Sep 12, 2012
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. >> the united states condemns in the strongest terms this outrageous and shocking attack. we're working with the government of libya to secure or diplomates. i've directed my administration to increase our security at diplomatic posts around the world. >> the attacks of libya and egypt underscore that the world remain aes dangerous place and that american leadership is still sorely needed. in the face of this violence, america cannot shrink from the responsibility to lead. leadership is necessary to ensure that events in the region don't spin out of control. >> all this happening as israeli prime minister benjamin netanyahu is using the strongest language to date about using force to stop iran from developing a nuclear weapon. this brings up the issue of making the u.s. less dependent on foreign oil. should we get off of middle eastern oil? chris, you first. all of this make you nervous about how much we depend on that region for our energy needs? what's the answer? >> well, you know, you look at saudi arabia providing 20% of the oil imports for this country. america needs
. >> the united states condemns in the strongest terms this outrageous and shocking attack. we're working with the government of libya to secure or diplomates. i've directed my administration to increase our security at diplomatic posts around the world. >> the attacks of libya and egypt underscore that the world remain aes dangerous place and that american leadership is still sorely needed. in the face of this violence, america cannot shrink from the responsibility to lead....
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Sep 26, 2012
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i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. >>> coming up on "closing bell" oil continues to tank. noted energy watcher boon pickens weighs in on the recent plunge in crude and what it means for investors. does it go lower from here? we'll get his take. plus, wait until you hear how much banks are charging for overdraft fees in the last year. is it financial irresponsibility by millions of americans? we have the debate coming up. former california treasurer phil angelites says why more needs to be done to fix the aftereffects of the recent financial crisis. all ahead on "closing bell." we look forward to seeing you then. brian? >> looking forward to it, bill. well, folks, only 89 i days before christmas which means, don't panic. there are 88 shopping days left until the holiday. investors have gone on a
i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. >>> coming up on "closing bell" oil continues to tank. noted energy watcher boon pickens weighs in on the recent plunge in crude and what it...
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Sep 10, 2012
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states and other parts of the world rally off the back of this notion of china stimulus, are all those things built on false expectations? >> we need to look at those charts. and most of those charts have fallen very sharply in the last two months. so what we experience through our trading book on friday with short coverings, we didn't see long-only investors coming in and buying stocks this morning. what i do think is different and you've highlighted that asia has recovered -- talking about a recovery -- the local investors do seem to be more excited by this new story than we've seen for some period of time. particularly noting that cement stocks rallied quite hard today in shanghai. so that is interesting that the local investors are somewhat more enthused about this story than we've seen for months. >> okay. adrian, thank you so much for phoning in. we appreciate it. adrian mowat of jpmorgan. >>> it's interesting this morning that stocks are essentially hanging on to the sharp gains that they made last week. clearly hopes are high that the fed will announce further monetary easing t
states and other parts of the world rally off the back of this notion of china stimulus, are all those things built on false expectations? >> we need to look at those charts. and most of those charts have fallen very sharply in the last two months. so what we experience through our trading book on friday with short coverings, we didn't see long-only investors coming in and buying stocks this morning. what i do think is different and you've highlighted that asia has recovered -- talking...
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Sep 10, 2012
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for 30 some years at manyperint different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. every time a local business opens its doors, or makes another sale, or hires another employee, it's not just good for business. it's good for the entire community. at bank of america, we know the impact that local businesses have on communities. that's why we've extended over $4 billion in new credit to local businesses across the country so far this year. because the more we help them, the more we can help make communities stronger. >>> welcome back. more breaking news. >> another executive is leaving zynga. chief market and operating officer jeff carp is leaving the company after one year. following a slew of departures including chief operating officer and chief creative officer. zynga saying they're continuing their transition to mobile way from reliance on
for 30 some years at manyperint different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. every time a local business opens its doors, or makes another sale, or hires another employee, it's not just good for business. it's good for the entire community. at bank of america,...
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Sep 28, 2012
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they're going to do as well as they did in the united states. china is just going to get larger and larger. i would recommend buying it. >> all right, gentlemen. i'm sorry, but we're out of time. i apologize for that. >> not that big of a deal to say you're sorry. >> we're sorry. we're sorry. >> did feel good. you're right. see you later. >> you crack me up. 30 minutes before the closing bell sounds for the day and for the quarter. we have a market that's worsening here. down about 60 points on the dow jones industrial average. >> coming up, the best on the street to help you get ready for the start of the fourth quarter, which begins monday. some think there are october storms ahead for the final three months of the year. >>> and are the huge tax hike on top earners in france today a preview of coming attractions of what will happen in america? that and more coming up on "closing bell." ♪ ♪ ♪ [ male announcer ] at&t. the nation's largest 4g network. now covering 3000 more 4g cities and towns than verizon. at&t. rethink possible. now cover
they're going to do as well as they did in the united states. china is just going to get larger and larger. i would recommend buying it. >> all right, gentlemen. i'm sorry, but we're out of time. i apologize for that. >> not that big of a deal to say you're sorry. >> we're sorry. we're sorry. >> did feel good. you're right. see you later. >> you crack me up. 30 minutes before the closing bell sounds for the day and for the quarter. we have a market that's worsening...
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Sep 19, 2012
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in the united states this is totally open ended and as the fed announced last week. they're just going to print money until we see a major improvement in the job market. i consider what's happening in europe actually better monetary poli policy. >> why would you consider it better? i don't think either of those policies address what they're trying to address. in the case of the u.s. i don't see a correlation with fed programs and unemployment or at least not one big enough to pull out and with regard to europe, if outside investors don't come in or you don't fix what's wrong with these countries, how long can the printing presses go? can you comment on my opinion versus yours? >> sure. remember, europe is where we were a few years ago. they still have to shore up the banking system. they have to do a lot of things including deposit insurance if you deposit in different countries, so what draghi is doing is financially trying to shore up the banking system. what we're doing in the united states if you at price of gold, the inflationary expectations in the tips market,
in the united states this is totally open ended and as the fed announced last week. they're just going to print money until we see a major improvement in the job market. i consider what's happening in europe actually better monetary poli policy. >> why would you consider it better? i don't think either of those policies address what they're trying to address. in the case of the u.s. i don't see a correlation with fed programs and unemployment or at least not one big enough to pull out and...
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is the word of the united states respected anymore on the global basis? >>> a new survey shows u.s. global competitiveness has fallen again. what do you blame? vote on that at finance.yahoo.com and we'll talk about that coming up. at usaa, we believe honor is not exclusive to the military, and commitment is not limited to one's military oath. the same set of values that drive our nation's military are the ones we used to build usaa bank. with our award winning apps that allow you to transfer funds, pay bills or manage your finances anywhere, anytime. so that wherever your duty takes you, usaa bank goes with you. visit us online to learn what makes our bank so different. i bought the car because of its efficiency. i bought the car because i could eliminate gas from my budget. i don't spend money on gasoline. it's been 4,000 miles since my last trip to the gas station. it's pretty great. i get a bunch of kids waving at me... giving me the thumbs up. it's always a gratifying experience. it makes me feel good about my car. i absolutely love my chevy volt. ♪ >>> welcome back. we're tak
is the word of the united states respected anymore on the global basis? >>> a new survey shows u.s. global competitiveness has fallen again. what do you blame? vote on that at finance.yahoo.com and we'll talk about that coming up. at usaa, we believe honor is not exclusive to the military, and commitment is not limited to one's military oath. the same set of values that drive our nation's military are the ones we used to build usaa bank. with our award winning apps that allow you to...
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Sep 11, 2012
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states, and so many people who died were in the financial industry. i knew several and so i think our actions can be driven by the shareholders and if it's not driven by the shareholders, then it will be driven by the regular gla glators and part of the action is encourage the large banks to spin off certain underperforming divisions so the valuation could increase and right now the sum of the parts for many of these banks are far above where these market values exist. >> okay, mike. we appreciate that sentiment and the point. back to jamie dimon for a second and this idea of splitting up the banks. you raised this issue with him. what was his answer? >> he didn't say never, and the debate with jamie dimon got heated last thursday when i met with him, he's ceo of jpmorgan as you know, and he said if the discount is 50% and the businesses are no worse off, then he'd consider it, even jamie dimon would consider a splitup. he said it's extremely unlikely, they have all sorts of synergies and they don't see that sort of discount. having said that if you t
states, and so many people who died were in the financial industry. i knew several and so i think our actions can be driven by the shareholders and if it's not driven by the shareholders, then it will be driven by the regular gla glators and part of the action is encourage the large banks to spin off certain underperforming divisions so the valuation could increase and right now the sum of the parts for many of these banks are far above where these market values exist. >> okay, mike. we...
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both by the libyan authorities an by the united states government. if there's a large crackdown in the country on potential trouble makers, then that could backfire and we could see this evolve into further violence. but if that doesn't happen, then i don't foresee an impact on oil. >> thank you very much for joining us today. >>> u.s. energy policy is a major issue in the presidential race. with both campaigns painting wildly different pictures of the situation. our senior correspondent scott cohn is here to try to separate the fact from fiction in our weekly fact checking report. what have you found? >> well, guess what? there's spin on both sides. let's start with the president last week in charlotte. >> in the last year alone, we cut oil imports by 1 million barrels a day. more than any administration in recent history. and today the united states of america is less dependent on foreign oil than at any time in the last two decades. >> well, it is true that the u.s. now imports only 45% of its petroleum, the lowest since the '90s, according to the
both by the libyan authorities an by the united states government. if there's a large crackdown in the country on potential trouble makers, then that could backfire and we could see this evolve into further violence. but if that doesn't happen, then i don't foresee an impact on oil. >> thank you very much for joining us today. >>> u.s. energy policy is a major issue in the presidential race. with both campaigns painting wildly different pictures of the situation. our senior...
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tyson, i understand you think it's okay if we use nat gas more here at home in the united states but you're not really so sure about the exporting equation. why not? >> well, i mean, like you're saying, the natural gas prices have been increasing lately. that's because of increased domestic demand, particularly in the electric power sector where for the first time in american history we're fuelling more power plants with natural gas than with coal. the concern about ramping up exports of natural gas to a significant degree, we've got almost 15 proposed export terminals across the country. is it's going to be another form of demand which is going to increase prices. in fact, earlier this year the energy information administration estimated that if we export that gas, prices are going to rise at least 30%. and so that's of concern not just the household customers but also to industrial customers that are seeking to expand manufacturing capacity here in the united states. >> so you're saying at least 30%. but david with the volume of exports that we're potentially talking here, how much
tyson, i understand you think it's okay if we use nat gas more here at home in the united states but you're not really so sure about the exporting equation. why not? >> well, i mean, like you're saying, the natural gas prices have been increasing lately. that's because of increased domestic demand, particularly in the electric power sector where for the first time in american history we're fuelling more power plants with natural gas than with coal. the concern about ramping up exports of...
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it starts deliveries in the united states the following friday on the 21st. we'll have more on this coming up all day here. let's get to brian shactman with his market flash. >> thank you very much, bill. there is news out there outside of apple. i want to take a look at dole foods, the iconic brand now a smaller cap company just under $1 billion. right around 1:00, the nikkei reported. the headline and the subheader, they reported a japanese company was acquire two dole food units for $1.7 billion. the subhead says they hope to reach an agreement this month. the price spiked. the stock is up 10%. back to you. >> thank you so much, brian. if world investors are right, get ready for another intervention to boost the economy. >> mean time, we're going to talk about whether it's needed or not. peter says any fed action is not going to help and it's wrong. others say the economy needs it right now. let's talk about it and get your perspective on this. peter, you saw the employment numbers last friday. you don't think we need more fed intervention? >> we need more
it starts deliveries in the united states the following friday on the 21st. we'll have more on this coming up all day here. let's get to brian shactman with his market flash. >> thank you very much, bill. there is news out there outside of apple. i want to take a look at dole foods, the iconic brand now a smaller cap company just under $1 billion. right around 1:00, the nikkei reported. the headline and the subheader, they reported a japanese company was acquire two dole food units for...
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an extraordinary releases this afternoon from the united states government. the first thing we got was this order from president barack obama ordering the company to divest from a wind project in oregon using the so-called sifieuos program. this one is the fist time in 22 years that the u.s. government has done this it or president of the united states has done this. it goes beyond what we've ever seen before, including this language ordering the facility in oregon to effectively be rai razed, saying the company must remove all structures, items, or physical object, including the concrete foundations of the property. that's the first time anyone ever affiliated with this has ever seen anything like that. the treasury department later in the day issuing a statement saying why they might be so sensitive about this facility, saying, the wind farm sites are all within the vicinity of restricted air space at naval weapons system trading facility boardman in oregon. now, this is a sensitive military facility in oregon. we looked on their website to find out exactly
an extraordinary releases this afternoon from the united states government. the first thing we got was this order from president barack obama ordering the company to divest from a wind project in oregon using the so-called sifieuos program. this one is the fist time in 22 years that the u.s. government has done this it or president of the united states has done this. it goes beyond what we've ever seen before, including this language ordering the facility in oregon to effectively be rai razed,...
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for 30 some years at manytendet different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. [ horn honks ] hey, it's sandra -- from accounting. peter. i can see that you're busy... but you were gonna help us crunch the numbers for accounts receivable today. i mean i know that this is important. well, both are important. let's be clear. they are but this is important too. [ man ] the receivables. [ male announcer ] michelin knows it's better for xerox to help manage their finance processing. so they can focus on keeping the world moving. with xerox, you're ready for real business. there's natural gas under my town. it's a game changer. ♪ it means cleaner, cheaper american-made energy. but we've got to be careful how we get it. design the wells to be safe. thousands of jobs. use the most advanced technology to protect our water. billions in the economy
for 30 some years at manytendet different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. [ horn honks ] hey, it's sandra -- from accounting. peter. i can see that you're busy... but you were gonna help us crunch the numbers for accounts receivable today. i mean i know that...
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. >> what about the balance that we're facing here in the united states? we've got similar issues, don't we? we have an e more nor we? we have an e more nomous debt l and the debate on what to cut. >> there's always a question of priorities and where you focus your attention. i think the president has made a major effort to reduce the budget deficit and also to invest in the future of the country, just like a corporation in many senses that has too much debt, that it has to put its debt in line with its ability to raise revenues. it also has to invest in its future. the president, i think, is investing in education, infrastructure, many things that will make the country stronger. that's really the goal. it's to have a sound budget policy but also invest in the country's future. i think that's what the president's trying to do. >> but bob, we haven't had a budget in three years. >> well, a lot of programs that he's proposed have not gotten through the congress. that's a big challenge. he's focused on education. he has a very significant proposal on infrastr
. >> what about the balance that we're facing here in the united states? we've got similar issues, don't we? we have an e more nor we? we have an e more nomous debt l and the debate on what to cut. >> there's always a question of priorities and where you focus your attention. i think the president has made a major effort to reduce the budget deficit and also to invest in the future of the country, just like a corporation in many senses that has too much debt, that it has to put its...